The fellowships are to be filled by University of Michigan Master''s, doctoral and postdoctoral students from across academic departments; the issues covered by the fellowship include climate change, energy use, water resources and housing, the article stated.

According to the article, the money will be distributed over a period of six years.

"Our collaborative partnership pushes aside the standard thinking and supports unique models that will give rise to the next generation of innovators in Michigan and across the world," Dow Chairman and Chief Executive Officer (CEO) Andrew Liveris told the Detroit Economic Club.

"Three hundred people will be coming to the state to build a unique program around the word ''sustainability.'' They will be inspired to work together ... to create concrete solutions," Liveris added.